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August 28, 2015 1:29 PM ET

Specialty Retail

Company Overview of Rent The Runway, Inc.

Company Overview

Rent The Runway, Inc. rents designer dresses, gowns, and accessories for women through its stores and online. It provides apparel, such as jumpsuits and rompers, outerwear, tops and bottoms, and wraps; and jewelry, handbags, intimates and shape wear, beauty products, necklaces, earrings, bracelets, rings, and handbags. The company was founded in 2009 and is based in New York, New York. It has stores in Chicago, Illinois; Washington, District of Columbia; and Las Vegas, Nevada, as well as a warehouse store in Secaucus, New Jersey.

163 Varick Street

4th Floor

New York, NY 10013

United States

Founded in 2009

Phone:

646-832-3582

Key Executives for Rent The Runway, Inc.

Co-Founder and Chief Executive Officer
President and Chief Operating Officer
Co-Founder and Head of Business Development
Chief Financial Officer
Senior Director of Public Relations & Marketing
Compensation as of Fiscal Year 2015.

Rent The Runway, Inc. Key Developments

Chris Halkyard Joins Rent the Runway as Chief Logistics Officer, Effective August 1, 2015

Rent the Runway announced the hiring of Chris Halkyard as the company's first Chief Logistics Officer, effective August 1, 2015. In his role, Halkyard will oversee Rent the Runway's groundbreaking logistics platform, including the company's proprietary reverse-logistics operations and transportation network. In this role, Halkyard will be tasked with optimizing the proprietary systems that give Rent the Runway its competitive advantage. Given his more than 25 years of experience with supply chain management and distribution, Halkyard will focus on developing a strategy for a more innovative and sophisticated transportation network. Halkyard joins Rent the Runway from Gilt where he most recently served as Chief Supply Chain Officer and General Manager of Distribution Services.

Rent the Runway to Unveil First Showroom Location in Partnership with Henri Bendel

Rent The Runway, Inc. will unveil an exclusive 1400-square-foot showroom on the second floor of New York City's iconic Henri Bendel Fifth Avenue flagship store, on October 17th. Boasting a rotating selection of the trendiest dresses and accessories from Rent the Runway's 175 designer brands, women can now try on dresses in advance of renting and work directly with a Rent the Runway Go-To Girl personal stylist to ensure they look and feel their best for every occasion. As Rent the Runway's first brick-and-mortar retail partnership, they are bringing the online rental experience to life and creating a destination for modern woman who wants access to luxury fashion but with the ease and convenience of a personal stylist who knows her most pressing needs.

Rent the Runway Announces Introduction of Plus Size Designer Dresses to its Inventory

Rent the Runway announced the introduction of plus size designer dresses to its inventory. The launch of RTR Plus, an assortment of over forty styles from five top designers available in sizes 14 to 22, is a continuation of Rent the Runway's overall brand mission to democratize luxury fashion for all women and to give every woman the self confidence that comes with looking and feeling best. The company's addition of plus sizes is a direct result of their users requesting designer apparel in larger sizes. Rent the Runway's introduction of plus size designer dresses comes just short of a year after the launch of its last groundbreaking feature, the one-of-a-kind social shopping platform Runway, which features user-generated photos of real women in dresses available for rent. Runway demonstrates the company's belief that all women -- regardless of size, age or ethnicity -- are beautiful, by prominently displaying these photos of real women on its site as models. Since the launch of Runway, over 100,000 reviews have been written by Rent the Runway customers from all over the United States. Rent the Runway now adds another layer of accessibility by bringing high end designers and the latest fashion trends to plus size women for a fraction of the retail cost. Designers Badgley Mischka, Carmen Marc Valvo and Theia, among others, created dresses exclusively for Rent the Runway, offering extended sizes of dresses already available for rent in addition to entirely new styles designed with the full-figured woman in mind. Existing plus size styles from Kay Unger and Adrianna Papell will also be available for rent on the designer dress rental site. Prices range from $50 to $200 and the assortment offers everything from classic little black dresses to sequin and lace to evening gowns.

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